Mutual Fund Withdrawals a Record as Investors Flee

Investors pulled a record $52.1 billion from U.S.-managed stock and bond mutual funds in the past week, seeking the safety of government-insured bank deposits as the financial crisis worsened.

Webmaster's Commentary: 

And just what do they think the Banks will do with that money in order to pay interest?

Invest it in the stock market?????

Posted on Oct 09, 2008 at 21:12
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